By Jennifer Chiou
New York, March 15 - Goldman Sachs Group, Inc. priced $9.4 million of 0% equity-linked trigger notes due March 28, 2012 linked to the common stock of Deere & Co., according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the stock closes below 75% of its initial price on any day during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the stock return, whether it is positive or negative. If a trigger event does not occur, the payout will be par plus the greater of the stock return and 11.1%.
In each case, the return will be capped at 20%.
J.P. Morgan Securities LLC is the lead agent with Goldman Sachs & Co. as co-agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked trigger notes
|
| Underlying stock: | Deere & Co. (NYSE:DE)
|
| Amount: | $9.4 million
|
| Maturity: | March 28, 2012
|
| Coupon: | 0%
|
| Price: | Variable prices
|
| Payout at maturity: | If stock closes below 75% of initial price on any day during life of notes, par plus stock return; otherwise, par plus greater of stock return and 11.1%; return capped at 20% in each case
|
| Initial share price: | $87.79
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC with co-agent Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38143USP7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
